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20121127
20121127
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it is the first pure electric car from general motors since the ev one. it goes on sale in california and oregon only, middle of next year. gm expects the press point to be somewhere around 25,000. the all-important question, what is the range going to be, how far will it go fully charged? gm is not saying at this point, only it will be competitive with other electric cars. speaking of other electric cars this market is struggling now look at auto sales through september of this year. 73%, almost 8 million vehicles in the u.s., are gasoline powered. still a predominant source of power train in this country. hybrids, 279%, 300,000. as for pure electric, just 8,289 pure electric cars sold in the u.s. right now. take a look at shares of general motors in the last year. if you were a gm investor in the last year, up 24%. a lot of people talk about gm ought to learn what they are doing at tesla, tesla leading the way with electric cars. gm versus tesla, no comparison, gm up 24%, tesla up just 1.4%. as i said at the beginning of this report, you will see more electric vehicles coming from general moto
online companies luring away those shoppers. if i live in california and i shop in massachusetts, a store there, i don't pay sales tax. but if that business is in california, i do. they say that it's unfair to small businesses across this country and many republic governors, believe it or not, are actually lobbying to have the online sales tax laws changed so that everybody pays tax online across the country. big revenue. >> shepard: cheryl casone fox business. thank you. some of the online bargains may be too good to be true. today the federal government and online law enforcement agencies proved it shut down more than 100 web sites selling counterfeit web sites. some set up web sites to look like regular web sites all to get to you party your cash. trace gallagher west coast news hub. shoppers had no idea what they were buying was fake. >> knock off companies keep getting better and better at churning out products fake that look and feel real. two web sites for ergo baby careers. one of them is fake and one of them is real. if you look at those things, experts say unless you have a trai
recipients. two, you have california and ten other states that are mandating that you can't sell cars in our state at all unless you have zero emission cars as an increasing part of your fleet for sale. so these companies are being forced to build cars that make no money, that lose the money to meet the mandates of these states. i want to point something out. chevy volt already cost $89,000 for gm to make. that's after three-plus billion dollars of just federal subsidies and they sell them for 40,000. so they already lose 49 grand on each volt they sell. this is not a new business model per se. but a very dumb one that we're expanding because of these states. >> brian: chrysler will roll out their own. nissan is backing off. toyota is backing off. we know they went to hibernation on the volt. chrysler is rolling it out, but ten states are mandating plug-in vehicle, clean running vehicles like this? >> 11. california and ten others. maryland, new jersey, yes. they're mandating zero emission cars be an increasing part of their fleet or you can't sell your cars in the state. now, small states l
on the chances of a fiscal cliff deal when we are joined by california democratic congresswoman max even waters. >> interesting to see what she has to say. and dangerous scene today in downtown sydney, australia. the cabin of a giant crane at a construction site burst into flames and the top part of the crane collapsed onto a nearby roof. incredibly, there were no reports or injuries, according to australian news organization. >>> the empire state building is showing off its new look. new yorkers are used to seeing the empire state building illuminated in various colors for special occasions. but now the building has upgraded its lighting system. gone are the old flood lights. they've been replaced by a state-of-the-art computerized system that can deliver all kinds of colors and effects. look at that. the new lights went on display for the first time last night. for your viewing pleasure there. >> i'm a little bit of a tradition traditionalist. i'm a little overstimulated just now. hollywood is buzzing today about anna nicole smith's 6-year-old daughter's new modeling campaign. like mother lik
, california striking down their three-strikes law. that says let's not have nonviolent drug offenders go away to jail for a long time. judges and police say this is a losing battle. let's move towards treatment and decriminalization and treat it like alcohol rather than prohibition and criminalization. we have a mexican president saying, hey, let's look at a different way to treat this thing. let's talk about what he recently said. in favor of opening a new debate in the strategy in the way we fight drug traffickings. it's clear after several decades we have more drug consumption, drug use, drug trafficking. things are not working. a change in the drug policy would have a massive impact on the economy and on crime in both north america and throughout south america, and would lead the way and open the path toward a more humane immigration policy and people in america accepting them. >> i think you're right. it's been interesting. as things have moved politically in terms of the war on drugs, we've also, of course, seen after this election potential movement on comprehensive immigration reform.
, you know what. let's go to don in california. my stock is fsys. >> yeah, you know that is not been that -- you know no. i don't like the prospects there. and that was the special fantasy football lightening round. >> coming up. ready to reverse? the charts have not been kind to foreign financials. but cramer had found pattern. as jim goes off the charts. this. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the yea
a california home back in 2008. fbi says a tip led them to saenz friday at an apartment in mexico. >> big arrest. >>> dangerous scene in downtown sydney australia. top part of the crane collapsed on to a nearby rooftop. incredibly, no reports of injuries. this crane is operated by the very same company that owns a crane that partially collapsed on a new york city luxury skyscraper during superstorm sandy. >>> fda has shut down the largest organic peanut processor in the country as part of its newest crackdown on salmonella poisoning. 31 people in 21 states, most of them children, were sickened by a peanut manufacturer there and sold by trader joe's. it's the first time it has used the new enforcement power it gained as part of an enforcement law. >>> do you remember this? >> i have no recollection of this whatsoever. did i miss the '90 s? >> "boy meets world." there is a "boy meets world" sequel, tweet from ben savage himself. aka corpsi and topanga have signed on to star in "girl meets world" will cain the only person in the world to knows anything about this. >> i would like to say that
california brother was praying for the day when medicare kicked in. he had no coverage and couldn't afford to buy it. so when you extend the medicare eligibility age, i clearly want to fill that gap with coverage, affordable, accessible health insurance for those who were in their 60s and are going to need that coverage even though medicare isn't officially onboard. >> is that going to cost more money? we all want to make sure that people out of work don't die of heart attacks because they don't have health insurance. we're not talking about expanding programs, we're talking about how we save medicare and medicaid because both of those programs are not only going bankrupt, they're going to bankrupt this country. how do we do that? you're telling us what you want to do to maybe add a new program. what do we do to save the existing programs we have from bankrupting the country? >> one thing is obama care, as much as it's been kicked around during the course of the campaign. the notion that we're going to have everyone in america under the protection of health insurance is a good one. and it
but very refined car as well. >> you introduce it here in l.a. a, southern california. a huge market. people are going to say how much does it cost? $130,000 for this vehicle? >> starting at $83,500. this one is $130,000, yes. i have to say people will clamor for the car. >> this brings up the question. the average land rover customer, household income of $515,000, $130,000 vehicle. this brings up the question with all the talk about potentially raising taxes on the wealthy here in the united states, would that hurt your business? would you sell fewer range rovers if the tax rate went up for those making more than $250,000? >> i think at the moment we see no sign of that quite frankly. a deal has to be done. our customers buy smartly, and when they look at vehicles like this, which is new on the block, they're going to go for this particular car. they might compromise on other things and not on new range rovers. we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the
Search Results 0 to 8 of about 9